The ‘Panama Papers’ scandal has revealed an extensive tax evasion network, involving leading political figures, billionaires and celebrities from around the world, which was brought to light by documents from Mossack Fonseca’s law firm in Panama and to the attention of the public by the International Consortium of Investigative Journalists (ICIJ).

The list of persons involved in this scandal includes important and controversial names at international level, from heads of state and public figures to businesspeople.

The Panama Papers are proof that many rich people are happy to evade taxes they could easily afford to pay.

What instruments does the Commission have at its disposal to intervene urgently and ensure that these undertakings declare their actual beneficiaries so that these people can be held accountable for their actions which have affected an enormous number of people?